Chapter 8 Review

Omega, Ltd., imports athletic shoes made in Southeast Asia into the United States. To obtain a larger share of the U.S. market, Omega sells the athletic shoes at lower prices here than in its exporting countries. With respect to these imports, the U.S. may

assess antidumping duties

Miranda is a U.S. citizen working in Europe for Tourist Vacations, Inc. a U.S. travel agency. Tourist fires Miranda for reasons that she believes violates U.S. antidiscrimination laws. Those laws apply

extraterritorially

Big Deal! Marketing Company a U.S. firm, signs a contract with Comercio Exterior, a Chilean firm, to give Comercio the right to use Big Deal!'s animation techniques and characters in product promotions. This is:

licensing

Fresh Meds Inc., a U.S. firm, contracts with Gong Ltd., a Honk Kong firm, allowing Gong to use and profit from Fresh Meds'patented products. This is

licensing

The government of North Korea violates an international law. Persuasive tactics to remedy the situation fail. The only resource of other nations is to:

take coercive action: sever relations, impose boycotts, go to war.

Global Marketing Inc., a U.S. firm, owns property in Honduras. The government in Honduras takes Global Marketing's property without paying for court will probably not examine the validity of this act committed by Honduras within its own territory, under

the act of state doctrine

Yoke, Ltd. and Zeno, S.A. transact an international sale of goods. At the request of these parties, a court in Portugal resolves a dispute between them. A U.S. court will most likely honor the judgment. If it is consistent with

with U.S. laws and public policy

Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd. a Canadian firm, to give Pharma the right to sell Optima's products in Canada. This is

A distribution agreement

UniVision Corporation, a U.S. company, sets up a firm in Vietnam. UniVision remains in the United States and retains ownership of the Vietnamese branch, as well as authority and control over all phases of the operation. This is

A wholly owned subsidiary

A foreign state is immune from the jurisdiction of U.S. courts unless the state is involved in commercial activity within the United States.

False

Few countries guarantee compensation to foreign investors if their property is taken.

False

International contracts rarely include arbitration clauses.

False

International law requires nations to honor the actions of other nations.

False

The importation of goods that infringe U.S. patents is not prohibitted

False

An international custom can be defined as "evidence of a general practice accepted as law."

True

Expropriation occurs when a government seizes a privately owned business or privately owned goods for a proper public purpose and awards just compensation.

True

The major difference between international law and national law is that government authorities can enforce national law

True

The principle of comity basically refers to legal reciprocity.

True

To restrict or encourage exports, Congress can set quotas on various items, such as grain being sold abroad.

True

The government of Korea sets a limit on the amount of rice that can be imported from the United States. This is

a quota